US Flavors and Fragrances Market Size Worth USD 8.43 Billion by 2034 | CAGR: 3.5%

US Flavors and Fragrances Market Size Worth USD 8.43 Billion by 2034 | CAGR: 3.5%


The US flavors and fragrances market size is expected to reach USD 8.43 billion by 2034, according to a new study by Polaris Market Research. The report US Flavors and Fragrances Market Size, Share, Trends, Industry Analysis Report: By Product (Natural and Aroma Chemicals) and By Application – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market encompasses the formulation, production, and application of compounds that enhance the sensory attributes of consumables and personal care products. This market plays a pivotal role in product differentiation and consumer brand engagement across sectors, including food and beverages, cosmetics, pharmaceuticals, and home care. A notable driver of market growth is the escalating demand for clean-label and wellness-focused formulations, where botanical extracts, fermentation-derived ingredients, and essential oils are replacing synthetic counterparts. Heightened consumer awareness and regulatory pressure around ingredient transparency are compelling manufacturers to invest in natural, traceable, and sustainably sourced raw materials. Advancements in biotechnology, precision fermentation, and green chemistry are also supporting the development of novel compounds, expanding both technical capabilities and product portfolios.

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Trends such as sensory branding, mood-enhancing aromas, and multisensory consumption are reinforcing US flavors and fragrances market demand, particularly in premium and niche applications. The increasing convergence of wellness and luxury in personal care and food categories is opening new opportunities for customized scent and flavor experiences. Moreover, innovation in encapsulation, controlled release, and AI-enabled flavor modeling is enabling manufacturers to deliver more consistent, high-performance outcomes. Strategic investments in R&D, formulation platforms, and sustainable sourcing strategies are fueling market expansion, as companies respond to evolving consumer preferences and competitive differentiation imperatives. The market is becoming more innovation-centric, value-driven, and responsive to shifts in lifestyle and consumption patterns, positioning it for resilient long-term growth.

US Flavors and Fragrances Market Report Highlights

  • Based on product, the US flavors and fragrances market is segmented into natural and aroma chemicals. The natural segment accounted for a larger market share in 2024 due to the surge in demand for botanical and organic inputs across food, beverage, and personal care applications.
  • In terms of application, the market is segmented into flavors and fragrances. The flavors segment held a larger market share in 2024 due to the ongoing expansion of the processed food and functional beverage sectors.
  • Alpha Aromatics; Archer-Daniels-Midland Company; BASF SE; dōTERRA International; Elevance Renewable Sciences, Inc.; International Flavors & Fragrances Inc.; Ungerer & Company; Vigon International, Inc.; and Young Living Essential Oils are a few key market players.

Polaris Market Research has segmented the market report on the basis of product and application:

By Product Outlook (Revenue, USD Billion, 2020–2034)

  • Natural
    • Essential Oils
    • Oleoresins
    • Others
  • Aroma Chemicals

By Application Outlook (Revenue, USD Billion, 2020–2034)

  • Flavors
  • Fragrances